LOS ANGELES -- After more than a year of negotiation, Food 4 Less Supermarkets, La Habra, Calif., said earlier this month it would join Ralphs Grocery Co., Compton, Calif., in a management-led deal valued at $1.5 billion. The combination of the two retailers will create a new market-share leader in southern California, with the new company gaining an estimated 30% market share and an estimated sales volume of $5.5 billion. Vons Cos., Arcadia, Calif., is the current leader, with an ...

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